Tag Archive: Office Space

Sep 19

Austin Real Estate Market Update Mid Year 2014

Q2 2014 AUSTIN OFFICE The second quarter of 2014 netted 331,000 square feet (SF) of positive net absorption.  Year to date absorption totals 529,192 SF.  Second quarter lease activity totaled 1,285,825 SF of signed leases which equates to 260 lease transactions for the second quarter, a 5% increase over the Quarter 1 activity.  476,000 SF …

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Permanent link to this article: http://atxre.com/2014/09/19/austin-real-estate-market-update-mid-year-2014/

Sep 11

Q2 2014 Austin, Texas New Office Construction Update

Colliers International recently came out with a Q2 2014 office update that included the following tidbits regarding new office construction. As of the second quarter of 2014 Austin had more than 2.4 million square feet of office space under construction. Seven new buildings totaling 199,286 square feet were completed in the second quarter of 2014.

Permanent link to this article: http://atxre.com/2014/09/11/q2-2014-austin-texas-new-office-construction-update/

Jul 31

Q2 2014 Austin Office Market Update

Jones Lang LaSalle’s Q2 2014 Austin Office Market Report shows Austin’s continued tightening of the Office Market with the following highlights noted. The Austin office market continues to tighten as the vacancy rate ends the quarter at 12.2 percent – 8% lower than Q2 2012. Total net absorption equaled 188,00 square feet, down 41% from …

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Permanent link to this article: http://atxre.com/2014/07/31/q2-2014-austin-office-market-update/

May 23

Q1 2014 Austin Office Real Estate Market

downtown skyline

CBRE recently released their First Quarter Austin Office Market Report.  Austin continues to boom thanks in large part to a steady rate of employment (from April of 2013 to April of 2014, 29,900 jobs were created).  For Q1 2014 the office market resulted in:  244,628 square feet of positive net absorption Vacancy rate fell to …

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Permanent link to this article: http://atxre.com/2014/05/23/q1-2014-austin-office-real-estate-market/

May 09

What is Creative Space?


In a town known for its creativity, the term “creative space” is sometimes used to describe a category of tenant lease space that those working in these innovative fields are looking for. I’ve worked with a number of these type businesses including social media consultants Ant’s Eye View, aerial artists Sky Candy, On the Flipside …

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Permanent link to this article: http://atxre.com/2014/05/09/what-is-creative-space/

May 05

Lease Need: Central to North Austin for Web Marketing Firm

LEASE NEED Who:   Web Marketing Firm Need:  7 -10,000 Square Feet Term:  3 – 5 year term Location: North Central Austin – 2222 North to Parmer Lane Budget:  Low to mid $20’s/sf/year – Rent and NNN’s included Detail:  Creative Office Space Small Kitchen (sink, dishwasher, microwave, refrigerator) 2 – 3,000 SF hard wall offices …

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Permanent link to this article: http://atxre.com/2014/05/05/lease-need-central-to-north-austin-for-web-marketing-firm/

Jan 22

Quarter 4, 2013, Austin, Texas Office Market Report

austin skyline

CoStar’s Q4 2013 Office Market report gives us a glimpse into the rapidly improving Austin Office Market.  Here are the details: Vacancy rate fell to 9.3% when compared to the previous quarter. Q4 net absorption totaled almost 500,000 SF up from the positive 300,000 SF absorbed in Q3. Rental rates average $27.94/SF/Year an increase over …

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Permanent link to this article: http://atxre.com/2014/01/22/quarter-4-2013-austin-texas-office-market-report/

Oct 22

3rd Quarter Austin Office Market Update

CBRE recently published their 3rd Quarter Office Market report which contains continued good news for the Austin Texas office market. The current vacancy rate stands at 12.4% which is the lowest vacancy rate in twelve (12) years. Absorption was primarily in the far Northwest submarket (Paypal, Marsh, Innovative Aftermarket Systems each took +30 KSF).  Other …

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Permanent link to this article: http://atxre.com/2013/10/22/3rd-quarter-austin-office-market-update/

Sep 30

Austin Office Property Sales Increase Year over Year


Twenty office buildings sold from January to June 2013 according to Helen Jobes at Kennedy Wilson (Commercial Real Estate Investment Firm) compared to ten in 2012.  Local brokers are quoted as stating that average office rents are at near record high levels and with an 87% occupancy rate – the market is effectively out of …

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Permanent link to this article: http://atxre.com/2013/09/30/austin-office-property-sales-increase-year-over-year/

Aug 16

Quarter 2, 2013 Austin Office Market Update

NAI Reoc Austin released their second quarter Austin Office Report August 9, 2013 and the Austin office market continues to sizzle. With no new office space delivered in this quarter the amount of available space has tightened. NAI REOC Austin Office Report Second Quarter 2013

Permanent link to this article: http://atxre.com/2013/08/16/quarter-2-2013-austin-office-market-update/

Nov 27

Third Quarter 2012 Austin Office Market Report by Newmark Grubb Knight Frank

Newmark Grubb Knight Frank reports a .2% increase in vacancy rate (from 13.5 to 13.7%) for the first time since 2011 based upon new construction and a slowdown in lease velocity (net absorption down 14,192 SF) in 2012 .NGKF also reports average rent rates at a decade high level at $26.27/sf/year.

Permanent link to this article: http://atxre.com/2012/11/27/third-quarter-2012-austin-office-market-report/

Nov 13

2012 Office and Retail Leasing Trends – Texas Realtor

building for lease

A very informative article from Texas Realtor magazine about trends in Office and Retail lease space. Squeezing more from each square foot Might your office and retail clients be looking for smaller spaces? TEXAS REALTOR®  | Sept./Oct. 2012 Several signs point to a trend of doing more with less when it comes to office and …

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Permanent link to this article: http://atxre.com/2012/11/13/2012-office-and-retail-leasing-trends-texas-realtor/

May 30

Quarter 1, 2012 Commercial Real Estate Market Report, Austin, Texas

CUSHMAN & WAKEFIELD Marketbeat Office Snapshot, Austin, TX Quarter 1 2012 Vacancy fell in the Austin office market for the 5th consecutive quarter, dating back to Q1 2011.  Overall vacancy is currently at 15.9%.  Overall vacancy in the local market has trended downward since 2009.  Average full service lease rate totals $25.54 / sf which …

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Permanent link to this article: http://atxre.com/2012/05/30/quarter-1-2012-commercial-real-estate-market-report-austin-texas/

Nov 03

Austin Office Market, Quarter 3, 2011


Grubb & Ellis, Austin Office Market, Quarter 3, 2011 notes the 9th consecutive quarter of positive net absorption.  644,000 sf was leased in the 3rd Quarter of 2011 which when added to 2011 quarters 1 and 2, adds up to 980,000 sf leased year to date.  Class A & Class B continue to lead all …

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Permanent link to this article: http://atxre.com/2011/11/03/austin-office-market-quarter-3-2011/

Jan 21

For Sale 4910 Hwy 290 West, Austin, TX 78735, Office Site

Permanent link to this article: http://atxre.com/2011/01/21/for-sale-4910-hwy-290-west-austin-tx-78735-office-site/

Jan 06

Commercial Real Estate Sales Return to Normal


CRE Sales Deal Volume Returning to ‘Normal’ Levels Encouraged by Continued Improvement in General Economic Indicators, Investors Widening Their Geographic Parameters, Taking on More Risk By Mark Heschmeyer, CoStar.com January 5, 2011 If the third and fourth quarters of last year are any indication, then deal volume is returning to the commercial real estate investment …

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Permanent link to this article: http://atxre.com/2011/01/06/commercial-real-estate-sales-return-to-normal/

Oct 27

Austin, Texas CBRE Q3 2010 Office, Industrial, and Retail Market Reports

CB Richard Ellis 3Q 2010 Market Reports Austin, Texas Office Research 3Q 2010 Snapshot DOWNLOAD REPORT 3Q 2010 Marketview DOWNLOAD REPORT Industrial Research 3Q 2010 Snapshot DOWNLOAD REPORT 3Q 2010 Marketview DOWNLOAD REPORT Retail Research Fall 2010 Outlook DOWNLOAD REPORT

Permanent link to this article: http://atxre.com/2010/10/27/austin-texas-cbre-q3-2010-office-industrial-and-retail-market-reports/

Aug 06

This Week in Austin Commercial Real Estate, August 1-7, 2010


Laredo Oil has moved its corporate headquarters to Austin, officials announced Wednesday.  The company attributed the move to a need to be closer to technology talent and “the heart of the oil patch.” A spokesman said the business is still searching for office space.  Laredo Oil moves headquarters to Austin 8/6/10 10:52 AM|blongoria@impactnews.com (Bobby Longoria) …

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Permanent link to this article: http://atxre.com/2010/08/06/this-week-in-austin-commercial-real-estate-august-1-7-2010/

Apr 22

Austin New Businesses and Expansions 2010

The Austin Chamber of Commerce maintains an up to date list of New Businesses that have announced their opening in Austin as well as a list of Expansions. For 2010 year to date these include: Company Type of Operation Jobs Created Location Type of Action Bazaarvoice E-commerce software (Hdq. 80 Austin Expansion Cinsay E-commerce solutions …

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Permanent link to this article: http://atxre.com/2010/04/22/austin-new-businesses-and-expansions-2010/

Mar 11

CBRE Capitalization Rate Survey 2009


CLICK HERE for a great Cap Rate Resource, including the Austin Commercial Real Estate Market CBRE’s 2009 Commercial Capital Markets, Cap Rate Survey for major metropolitan areas in U.S.

Permanent link to this article: http://atxre.com/2010/03/11/cbre-capitalization-rate-survey-2009/

Feb 11

Real Estate For Sale – How Much Should I ask?

Do you want the good news or the bad?  What a dilemna! In the Austin Commercial Real Estate Market today, shoot straight with a client about what their property is worth and you risk not getting their business.  Provide a number that is too optimistic and run the risk of getting their business but then …

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Permanent link to this article: http://atxre.com/2010/02/11/whats-my-commercial-property-worth/